- BBands look tight (low BBW) -> I expect volatility
- the middle band is holding nice so far
- that looks like an ascending triangle
- there is plenty of room for RSI to increase
All together I drew some meme target boxes and we'll see.
Idea came from @kkernttb
Thanx
- the middle band is holding nice so far
- that looks like an ascending triangle
- there is plenty of room for RSI to increase
All together I drew some meme target boxes and we'll see.
Idea came from @kkernttb
Thanx
Trade closed: stop reached
Triangle broke down. Stopped outTrade active
I would consider reentering with a stop below the flagI could still be a consolidation but not in a triangle rather in a rectangle form
Trade closed: stop reached
This did not play out well.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.